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Identification of the Existing Social Problems and Proposing a Sustainable Social Business Model: Bangladesh Perspective

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  • Farhana Yasmin

Abstract

Social Business, comparatively as emerging concept, deals with social objective and betterment while being financially self-sufficient. The profit-maximizing orientation of traditional business firms often ends up with the exploitation of the under-privileged people of the society. Hence this research attempts to explain the prospect of implementing social business by private organizations to address those social problems which are challenging the lives of the under-privileged people of developing country like Bangladesh. The research is an exploratory qualitative research which uses in-depth interviews and survey method from 60 respondents to identify the existing major social problems and regression analysis to discuss the sustainability of social business in solving such problems. The study also proposes a financially sustainable social business model which actually combines the cause driven motive from a social perspective as well as sustainable orientation from business perspective. Finally the research initiates the necessity of implementing this mandatory drive by all socially responsible private organizations as the scopes of social business in serving the under-privileged section of the developing nation is very optimistic and optimal.

Suggested Citation

  • Farhana Yasmin, 2019. "Identification of the Existing Social Problems and Proposing a Sustainable Social Business Model: Bangladesh Perspective," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(9), pages 1-81, September.
  • Handle: RePEc:ibn:ijefaa:v:11:y:2019:i:9:p:81
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    References listed on IDEAS

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    1. Giles Atkinson & Richard Dubourg & Kirk Hamilton & Mohan Munasinghe & David Pearce & Carlos Young, 1997. "Measuring Sustainable Development," Books, Edward Elgar Publishing, number 1242.
    2. World Bank, 2007. "Building Knowledge Economies : Advanced Strategies for Development," World Bank Publications - Books, The World Bank Group, number 6853.
    3. World Bank, 2004. "Responsible Growth for the New Millennium : Integrating Society, Ecology and the Economy," World Bank Publications - Books, The World Bank Group, number 14853.
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    Cited by:

    1. Sultana Razia & Siti Hajar Abu Bakar Ah, 2024. "The hidden story of megacities: revealing social sustainability status through residents’ satisfaction in Dhaka city, Bangladesh," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(9), pages 24381-24413, September.
    2. Sultana Razia & Siti Hajar Abu Bakar Ah, 2023. "Model of social sustainability for Dhaka city, Bangladesh," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-12, December.

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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